Bloom Energy jumps after J.P.Morgan upgrades to 'overweight'

Bloom Energy

09/07/2025 16:57

Updates

** Shares of fuel-cell maker Bloom Energy BE.N jump 20.3% to $29.18, highest since January 24

** J.P.Morgan upgrades stock to "overweight" from "neutral"

** "Fuel cell tax credits could push BE customers over the finish line as competing gas turbine pricing and lead times remain elevated" - brokerage

 ** "We believe the higher factory absorption, along with incremental pricing power, should also support stronger product margins" - brokerage

** Twenty-four analysts rate the stock "buy"; with a median PT of $26, according to data compiled by LSEG

** Including session's moves, stock up 31.3% YTD

(Reporting by Akriti Shah and Sumit Saha in Bengaluru)

((akriti.shah@thomsonreuters.com))